ALERT!!! Our alert for Monday: Astika Holdin
Post# of 151
Our alert for Monday:
Astika Holdings, Inc.
Symbol- ASKH
Last Trade- 7 cents
Here is why I think ASKH is about to explode.
Right now, ASKH is an unknown company with no revenue or earnings and because of that, their stock trades at 7 cents a share.
60 days ago ASKH announced they were finalizing an agreement and accelerating the audit process on their first acquisition Nantong Dredging Machinery Co, LTD.
According to Mark Richards, the CEO for ASKH, Nantong Dredging has
Revenue of $31.91 million and
Net Profit of $9.7M.
Since then, there has been no press release stating the acquisition has been completed so the market continues to value ASKH as if the acquisition has not happen
Here is why I think an announcement is coming any day.
ASKH's website http://nantongventures.com/ now has a Nantong Dredging page.
Would ASKH have the Nantong Dredging information on their website if the acquisition was not complete? They could get sued by the SEC for that so I doubt it.
There is an ASKH investor outreach campaign starting THIS WEEK.
Would ASKH bother with an investor outreach campaign if the acquisition was not complete? I doubt it, what would be the point? They would still be a company with no revenue.
Doesn't it make sense that the reason the information is on the website, and there is an investor outreach campaign starting this week is because ASKH is ready to break the big news?
I think its only a matter of time before ASKH announces the completion of acquisition.
If you want to make some serious money in the stock, I'd jump on it before the announcement is out because once it is, I think the stock trades a lot higher.
As always, follow the trading rules, and get ready to book your profits with ASKH.